Monday, October 6, 2014

Thomas Shogren, Chapter 4, Question #6

The passages that I found intriguing were the passage about corrupt politicians, lowering tax rates and its effect on revenue, and the controversial use of DDT. I thought that it was sad that politicians would put their personal interest above that of an entire nation. Politicians are in place to help run the country, not destroy it. I originally thought that if taxes were cut just a little bit then the revenue would go up because more people would pay taxes and work more. However after reading this chapter I learned that this is not true. The final thing I found interesting was the controversial use of DDT. DDT is the most efficient pesticide as well as the cheapest, but it is the most dangerous. Some people believe that it should not be used because it is not safe. However economically speaking it should be used because it is efficient and cheap. It also saves many people's lives from malaria. While looking at making decisions people have to look at the oppurtunity cost and weigh that into their decisions.

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